!!!!NEWS RELEASE!!!!
Subject:
Hot Off The Wire: MANDORIN GOLDFIELDS INC
Date:
23 Oct 1997 17:40:24 -0000
From:
netnews@cdn-news.com
To:
netnews@cdn-news.com
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Canadian Corporate News --- Hot Off The Wire
News Release for "MANDORIN GOLDFIELDS INC"
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*** As of January 1, 1997, many Canadian public companies are
*** required to electronically file their disclosure documents.
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NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: MANDORIN GOLDFIELDS INC.
VSE SYMBOL: MGD
OCTOBER 23, 1997
Mandorin Goldfields: New Officers and Director Appointed,
New Corporate and Registered Office, Directors Stock
Options
VANCOUVER, BRITISH COLUMBIA--Mr. Andrew J. Cooke, Acting President
of Mandorin Goldfields Inc. ("Mandorin") announces the following:
- Mr. Malcolm L. Stevens has been appointed Chairman and Chief
Executive Officer of Mandorin effective immediately;
- Mr. Andrew J. Cooke has been appointed as Acting President
replacing Mr. Arn Schoch effective immediately;
- Mr. Damien E. Reynolds has been appointed a director of Mandorin
effective September 9, 1997;
- The board of Mandorin is now comprised as follows:
/T/
Mr. Malcolm L. Stevens - Chairman and Chief Executive Officer
Mr. Andrew J. Cooke - Acting President
Mr. Damien E. Reynolds - Director
Mr. Arn Schoch - Director
Mr. Ron D. Miller - Director
/T/
Mandorin has relocated its Corporate and Registered office to:
/T/
Suite 709 - 700 West Pender Street
Vancouver, B.C., V6C 1G8
Tel: (604) 641 2776
Fax: (604) 687 3797
/T/
Investor inquires should be directed to:
/T/
Mr. Andrew J. Cooke on (604) 688 9783;
Mr. Ian R. Toews on 1 888 212 3835
/T/
- the Company has granted the following stock options to directors
and a consultant of the Company pursuant to the Stock Option Plan
approved by shareholders at the Extraordinary Meeting of the
Company held on June 5, 1996:
/T/
Mr. Malcolm L Stevens - 1,000,000
Mr. Andrew J. Cooke - 500,000
Mr. Damien E. Reynolds - 250,000
Mr. Frank Yakabuski (consultant) - 200,000
Mr. Ron D. Miller - 50,000
/T/
The exercise price of each option is $0.50. The options shall
expire October 21, 2002
The granting of these options shall be subject to Vancouver Stock
Exchange approval of the Plan and the granting of the options and
any other regulatory approval that may be required.
On behalf of
MANDORIN GOLDFIELDS INC.
Andrew J. Cooke, Acting President
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Mandorin Goldfields Inc.
Andrew J. Cooke
Acting President
(604) 641-2776 or 1-888-212-3835
(604) 687-3797 (FAX)
pro.net
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of
this news release.
INDUSTRY: PCS
SUBJECT: RCN
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